What is the simple interest (in ₹) on ₹1000 at per annum for years?

Answer and explanation

Correct answer: B. 200

  1. Step 1: Identify the principal , annual simple rate , and time period .
  2. Step 2: State the simple interest formula: .
  3. Step 3: Compute: .
Answer
200.

Practise more Simple and compound interest.

Free questions with an explanation for every one, and full timed Banking (IBPS / SBI PO) mock tests.

All Simple and compound interest questionsTake a mock test

More Simple and compound interest questions

Revise with flashcards